5th May 2015 07:53
LONDON (Alliance News) - E-gaming operator GVC Holdings PLC on Tuesday said its net gaming revenue in the first 120 days of 2015 rose year-on-year, with rises across its operations, as its sports wagers increased but its sports margin weakened.
GVC said its net gaming revenue in the first 120 days of the year was EUR658,000 per day, up 18% year-on-year. Sports net gaming revenue was up 15% in the period, while gaming net gaming revenue was up 20%.
Sports wagers rose by 21% in the period, up to EUR4.6 million per day, but its sports margin fell to 8.8% from 9.6% a year earlier.
The board is delighted by the strong start to 2015 despite a lower sports margin percentage as a result of punter friendly results so far this year as has been commented upon already by a number of our peers. The business continues to show impressive growth and we continue to remain confident for the rest of the year," said GVC Chief Executive Kenneth Alexander.
Shares in GVC were up 0.3% to 446.32 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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